Asked by Heather Taylor on May 21, 2024
Verified
The Communist Party's commitment to socialism resonated with a widespread belief that the Depression had demonstrated the bankruptcy of capitalism.
Communist Party
A political party advocating the principles of communism, including the abolition of private property and the establishment of a society where goods are owned communally and available to all.
Capitalism
An economic system where private individuals own and control property in accord with their interests, and the distribution and production of goods are determined mainly by competition in a free market.
Depression
A prolonged period of severe economic downturn characterized by significant declines in income, employment, production, and sales.
- Comprehend the racial and social intricacies embedded in New Deal policies and their effects on American society.
Verified Answer
NT
Najeah TornesMay 24, 2024
Final Answer :
True
Explanation :
During the Great Depression, many people around the world, including in the United States, began to question the viability of capitalism as the economic crisis led to widespread unemployment, poverty, and suffering. The Communist Party, which advocated for socialism, gained some support by arguing that socialism offered a more equitable and stable economic system.
Learning Objectives
- Comprehend the racial and social intricacies embedded in New Deal policies and their effects on American society.